vancouverregion DETACHED -MARCH 2023
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere5,016 detached listingsin theVancouver Region in M arch,4% aboveFebruaryand 9% lowerthan M arch 2022. M arch detached hom esalesincreased by 58% m onth-over-m onth,to1,326,and were43% below M arch 2022. Thesales-to-listing ratio fordetached in the Vancouver Region,at26% ,reflected aselers'm arket. Thedetachedm edian pricein M arch was$1,555,000,a 0.3% increasefrom Februaryand 15% below M arch 2022. Theaveragesold pricewas$1,842,508,1.6% abovelast m onth and down 11% toM arch 2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 11% VS 2022
▼ 15% VS 2022
▼ 9% VS 2022
▼ 43% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,326 5,016
2,312 5,512
-11% -15% -37% -43% -9%
17% 838 4,816
1.6% 0.3% 52% 58% 4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,842,508 $1,555,000 26%
$2,079,042 $1,825,000 42%
$1,812,945 $1,550,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,232
7,630
6,847
7,416
6,495
6,997
5,942
1.83
1.80
1.80
6,329
5,512
4,816
5,016
4,786
1.49
4,553
1.39
1.38
2,312
888
905
1,326
803
632 514
1,559
1,281
1,083
873
857
838
$1.83M $1.80M
$1.73M $1.65M
$1.60M $1.53M $1.52M $1.54M $1.50M $1.50M
$1.45M $1.55M $1.56M
22-Mar
23-Feb
23-Mar
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1600
1400
1200
73%
1000
800
55%
47%
47%
600
35%
31%
400
23%
13%
200
9%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+ 1,463 137 9%
S-L RATIO SALES INVENTORY
116 41 35%
60 33 55%
158 74 47%
265 194 73%
566 266 47%
1,107 341 31%
708 164 23%
573 76 13%
Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online